Q2: A company has additional money to invest for future funds growth. If the selected investment pays simple interest, what interest rate would be required for the amount to grow from $70,000 to $100,000 in 4 years? Your answer
Q2: A company has additional money to invest for future funds growth. If the selected investment pays simple interest, what interest rate would be required for the amount to grow from $70,000 to $100,000 in 4 years? Your answer
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Transcribed Image Text:Q2: A company has additional money
to invest for future funds growth. If
the selected investment pays simple
interest, what interest rate would be
required for the amount to grow
from $70,000 to $100,00O in 4
years?
Your answer
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